Ark Invest Dumps Meta, Nvidia, Bitcoin ETF Shares
What to Know
- Ark Invest offloaded nearly $41 million in Meta shares and over $26 million in Nvidia in a single Thursday session
- Meta has shed more than 17% over the past month, hit by losses in social media addiction lawsuits targeting its failure to protect young users
- Ark's spot Bitcoin ETF (ARKB) exposure was trimmed by roughly $11 million, leaving the fund holding about $100 million in ARKB — its 35th largest position
- Bitcoin dropped roughly 4.8% in 24 hours to around $66,020, briefly touching its lowest level since early March
Ark Invest, the actively managed ETF shop run by Cathie Wood, executed one of its most aggressive tech selldowns in recent memory on Thursday, cutting tens of millions of dollars from positions in Meta, Nvidia, and its own spot Bitcoin ETF in a single trading session. The moves come as both the tech and crypto markets are under visible strain heading into the end of March — and they raise a pointed question about what Wood actually believes right now versus what she says publicly.
What Ark Invest Sold and How Much
The numbers are hard to ignore. Ark Invest unloaded nearly $41 million worth of Meta (META) shares on Thursday alongside more than $26 million in Nvidia (NVDA). Both names slid further into Friday trading, with Meta off 2.98% and Nvidia down 1.55% since the opening bell.
That wasn't all. The firm also trimmed around $7.5 million in Advanced Micro Devices (AMD) and roughly $2.5 million in Alphabet (GOOG) in the same session. This wasn't surgical trimming of one position. It reads more like a broad exit from anything with an AI premium baked in.
On the crypto side, Ark shed approximately $11 million in shares of its own spot Bitcoin ETF (ARKB), around $6.5 million in Bullish, and close to $5 million in Block (XYZ) — Jack Dorsey's Bitcoin-focused payments company. Three crypto-adjacent names, three exits, all in one day.
Why Did Ark Invest Sell Meta — And What's Actually Driving the Drop?
Why Did Ark Invest Sell Meta Shares?
Meta has been a brutal hold for the past month — down more than 17%, with roughly 10% of that packed into just the last week. The catalyst: the social media giant lost two consecutive lawsuits over social media addiction, with courts ruling it failed to protect young users. That kind of legal overhang doesn't clear quickly, and Ark clearly decided the risk-reward had tilted.
Nvidia's situation is less dramatic but still notable. The chipmaker is off around 5% over the past month, weighed down by unresolved macro uncertainty and a class action lawsuit over alleged gaps in its crypto mining revenue disclosures. Ark's exit from both names in the same session sends a clear message: when the environment gets hostile, even high-conviction growth names aren't untouchable.
Bitcoin Below $66,000 — And What That Means for ARKB
Bitcoin hit a rough patch this week. The leading cryptocurrency dropped roughly 4.8% in the 24 hours surrounding Thursday's trades, briefly changing hands below $66,000 — a level it hadn't seen since early March. As of Friday, BTC was trading around $66,633, down 3.9% on the day and 5.6% on the week.
After the Thursday trim, Ark holds around $100 million in its own spot Bitcoin ETF — enough to rank as the 35th largest holding across all actively managed ARK ETFs, out of 96 total positions. That's not negligible. But the timing of the sale, with Bitcoin under pressure, is telling. You don't typically sell your own fund's shares when you're confident the asset is about to bounce. Investors tracking ARK's Bitcoin ETF moves will want to watch whether this pattern repeats.
Bullish, the crypto exchange, has dropped nearly 44% over the past six months. Block, the Dorsey-led Bitcoin advocate, saw Ark exit roughly $5 million worth. The clustering of crypto sales in one session makes the direction of travel pretty clear.
Wood's $1.2M Bitcoin Target vs. Her Thursday Trades
Here's the part that deserves scrutiny. Cathie Wood has been one of Bitcoin's most vocal institutional champions — she's on record with a price target of $1.2 million per coin by 2030. Earlier this year, she publicly dismissed concerns about an AI bubble, arguing the real speculative excess was in precious metals. As of Friday, gold had pulled back around 20% from its yearly high to near $4,483 per ounce — which gives her some cover on that call.
But selling $11 million in your own Bitcoin ETF near $66,000 looks odd against that backdrop. Is it routine rebalancing, meeting redemption pressure, trimming a runup? Probably some combination. Ark's public statements don't address the sale. Cathie Wood's broader research on Bitcoin's long-term security model has consistently argued the fundamentals remain intact — but fund flows and public optimism don't always move together.
Ark is one of the few firms with its own Bitcoin ETF, making Ark's Bitcoin-focused ventures highly visible to the market. Every trade gets disclosed, scrutinized, and read for signal. Thursday's moves will be debated for days. Call it pragmatic portfolio management — but selling your own fund mid-correction doesn't exactly scream conviction.
Frequently Asked Questions
Why did Ark Invest sell Meta and Nvidia shares?
Ark Invest sold approximately $41 million in Meta and $26 million in Nvidia on Thursday amid broad tech sector weakness. Meta has dropped over 17% in the past month following losses in social media addiction lawsuits, while Nvidia faces macro uncertainty and a class action lawsuit over alleged crypto mining revenue gaps.
How much of its Bitcoin ETF did Ark Invest sell?
Ark Invest sold roughly $11 million in shares of its own spot Bitcoin ETF, ARKB, on Thursday. After the sale, the fund holds around $100 million in ARKB, ranking it the 35th largest holding among actively managed ARK ETFs out of 96 total positions.
What is Cathie Wood's Bitcoin price prediction?
Cathie Wood has publicly forecast Bitcoin reaching $1.2 million per coin by 2030. Despite that bullish outlook, Ark Invest trimmed its ARKB position in late March 2026 as Bitcoin fell roughly 4.8% in 24 hours to around $66,020.
What other crypto assets did Ark Invest sell on Thursday?
Beyond its Bitcoin ETF shares, Ark Invest sold approximately $6.5 million in Bullish, the crypto exchange, and nearly $5 million in Block (XYZ), the Bitcoin-focused payments company led by Jack Dorsey, in the same Thursday trading session.
This article is for informational purposes only and does not constitute investment advice. Every investment and trading decision involves risk. Readers should conduct their own research before making any financial decisions.
Topics
Ark InvestBitcoin ETFCathie WoodMeta sell-offNvidia sharesARKBtech selldownMilan Torres
Senior Analyst
Milan covers Bitcoin markets, macro trends, and institutional crypto adoption with a focus on data-driven analysis.
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